Coffee price lost positive momentum in the last trading, which forces it to form new bearish waves, to retest 276.00 support to settle above it, note that the stability above the current support might help it to motivate the bullish corrective attempts, to expect the price rally to 297.00, to extend the trading towards the next obstacle near 312.00.

 

While facing new bearish pressure and reaching the current support will force it to suffer extra losses by targeting 266.10 and 257.00 level.

 

The expected trading range for today is between 280.00 and 297.00

 

Trend forecast: Bullish